Jaitley proposes listing of PSU general insurance companies

Finance Minister Arun Jaitley on Monday proposed listing of four wholly-owned PSU general insurance companies.

". . .(proposed to) undertaking important banking sector reform and public listing of public sector general insurance and undertaking significant changes in FDI policy," he said while unveiling Budget 2016-17 in Lok Sabha.

There are four public sector general insurance companies -- New India Assurance Company Ltd, National Insurance Company Ltd, Oriental Insurance Co Ltd, United India Insurance Co Ltd.

Besides, there are two specialised insurers -- ECGC and AIC -- one life insurance insurer, LIC.

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